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Currency debasement, defined as a loss of precious metal content (intrinsic value) of the circulating penny currencies over time, was a common feature in the monetary history of Europe, c. 1400–1900. Over the centuries the loss rate was sustained; between 1400 and 1900 A. D. the (south) German...
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The vast mineral deposits of Mongolia, if properly managed, could make available large budgetary resources, which would help address a wide range of its economic challenges. This report focuses on Mongolia’s selected issues in the mining sector, government employment and wages, and saving...
Persistent link: https://www.econbiz.de/10011243148
This paper develops a model of the impact of monetary policy on the price level under a gold standard. The model is … particular, it will be demonstrated that under a gold standard, monetary policy can have a permanent effect on the price level …
Persistent link: https://www.econbiz.de/10005769809
gold in the monetary system. In particular, there has been a proposal to employ gold as a nominal anchor or asset for the … exchange rates between the most important and tradable currencies in the world. This suggestion, along with alternatives is … analyzed in the article. The author describes different historical systems of money, the gold standard and, using concrete …
Persistent link: https://www.econbiz.de/10011195000
regime prior to World War I. While the evidence clearly demonstrates that the commitment to gold convertibility was the …This essay examines Norwegian monetary policy under the final decades of the classical international gold standard … balance of payments. Rather than forcefully reducing domestic circulation during seasonal fluctuations in the flow of gold …
Persistent link: https://www.econbiz.de/10005063086
medieval era. Several currencies existed alongside the mark penning. In addition, various foreign gold coins circulated at a …
Persistent link: https://www.econbiz.de/10004976731
typical of the 1860-1913 period. The empirical evidence supporting the view of Italy “shadowing” gold is discussed and the … empirical evidence for the interpretation of the Gold Standard. …
Persistent link: https://www.econbiz.de/10009652938